Hungarian Parliament Confirms Windfall Taxes for 2026

Hungary will maintain windfall taxes on banks, retail, refiners importing Russian oil and insurers through 2026 under a tax bill approved Wednesday by its parliament.

The bill passed by a 127-46 vote and is now headed for the president’s signature.

Next year’s windfall tax on banks will increase to 8%, from this year’s 7%, of adjusted pre-tax profits not exceeding 20 billion Hungarian forint ($57.5 million) and to 20%, from this year’s 18%, on the remaining amount.

Windfall tax on retail will be 0.15% of net sales between 500 ...